Banking & Financial Services E-Note - December 2012

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In This Issue:

- Accounting Rule Would Force Banks to Take Loan Write-Downs

- End of TAG Program Has Community Banks Concerned

- New Mortgage Rules Protect Banks from Homeowner Lawsuits

- Obama Signs Bills Involving ATM Fee Notices, CFPB Information

- Survey Finds Community Banks Expected to Continue Getting Bigger

- FDIC Finds Community Banks Boosting Commercial Real Estate Loans

- Bank Deposits Exceeded Loans by Record $2 Trillion in 2012

- CFPB Unveils Findings on Consumer Credit Reports

- Banks Warned of New Wave of Possible Cyberattacks

- Excerpt from Accounting Rule Would Force Banks to Take Loan Write-Downs

An accounting rule that would often force banks to take loan write-downs well before loans actually go bad was preliminarily proposed on Thursday by the Financial Accounting Standards Board, which sets American accounting rules.

The proposal appears likely to lead to greater write-downs — and thus earlier losses — than one being considered by international rule makers.

Please see full E-Note below for more information.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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